Selected Day definition
Examples of Selected Day in a sentence
Lender may in its sole discretion designate a day of the calendar month as the Selected Day for purposes of establishing, in accordance with the definition of “Interest Accrual Period”, the beginning and ending dates of the Interest Accrual Period that commences in the month in which the Securitization Closing Date occurs (and, to the extent contemplated in the definition of Interest Accrual Period, the prior month) and each Interest Accrual Period thereafter.
Borrower acknowledges that in connection with a Securitization, Lender may change the Selected Day in its sole discretion, but in no event to earlier than the fifth (5th) of each month.
Change of Scheduled Repayment Date You can ask us to change the day on which your Scheduled Repayments are due ("Selected Day").
Prior to a Securitization, Lender may in its sole discretion change the day of the month that will constitute the Selected Day.
Your request must be in writing and be received no later than 5 Business Days before any Interest Payment is due (during the Interest Capitalisation Period) and no later than 5 Business Days before any Scheduled Repayment is due (outside the Interest Capitalisation Period) ("Selected Day").
Upon Lender’s modification of the Selected Day pursuant to the terms of Section 2.2(d) above, Borrower and Borrower Principal shall promptly deliver to Lender such modifications to the Rate Cap and the Collateral Assignment of Interest Rate Cap reasonably required by Lender as result of such designation.
In the event that Mortgage Lender changes the day of the month that will constitute the Selected Day under the Mortgage Loan Agreement in accordance with the terms thereof, Lender shall correspondingly change the Selected Day hereunder.
Dates You can ask us to change the day on which your Interest Payments (during the Fixed Rate Period) and Scheduled Repayments (during the Variable Rate Period) are due ("Selected Day").